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The Latest Breaking News from Finance Ministry

Delay in disbursing national fellowships hits disabled, SC, OBC Ph.D. scholars

Officials say the fellowships funded by Social Justice Ministry haven’t been disbursed since April due to change in fund flow rules by Finance Ministry

The Hindu

$2Bln in Auction of UAE Treasury Bonds

The United Arab Emirates, represented by the Ministry of Finance as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, announced Monday the results of the third auction of the Treasury Bonds program (T-Bonds). This program is part of the AED9…

Asharq Al-Awsat

Business: GST collection in July surges 28 per cent to Rs 1.49 L cr

During July this year, revenue from import of goods was 48% higher while revenue from domestic transactions (including import of services) was 22 per cent higher than the revenues from these sources during the same month last year. Full story on Dynamite News:

Dynamite News

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Finance Ministry keeps 2022 growth outlook at 3.5%, sees 4% in 2023

The Finance Ministry on Tuesday said it sees economic growth of 4% next year, and maintained its 2022 growth forecast at 3.5%, underpinned by increased domestic consumption, tourism and exports, despite higher inflation.

Bangkok Post

BMTA gets nod to seek loans despite mounting debt

The Bangkok Mass Transit Authority (BMTA) has been given the green light to seek loans worth 7.5 billion baht to ensure its liquidity remains at an acceptable level, deputy government spokeswoman Traisuree Taisaranakul says.

Bangkok Post

Cabinet signs off on B3.22bn port deal

The cabinet has approved a public-private partnership deal worth 3.22 billion baht to manage the Map Ta Phut Industrial Port in Rayong province.

Bangkok Post

Easier terms eyed for loan guarantees

The Finance Ministry and the Bank of Thailand are considering looser terms for loan guarantees for the central bank's soft loan scheme, aiming for easier access for small and medium-sized enterprises (SMEs), says a ministry source who requested anonymity.

Bangkok Post

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Morning Digest | India’s current account deficit a concern, says Finance Ministry; Saudi Arabia lifts ban on Israeli flights, and more

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The Hindu

TCG seeks green light for PGS10

The state-owned Thai Credit Guarantee Corporation (TCG) has requested the Finance Ministry endorse its plan to launch Port Guarantee Scheme 10 (PGS10), with the aim of helping small and medium-sized enterprises (SMEs) access its loan guarantee on a lower cost basis, said TCG president Sittikorn Direksoonthorn.

Bangkok Post

State backs makers of devices for elderly

The Finance Ministry is seeking ways to reduce the production cost for local manufacturers of medical equipment and devices for the elderly, says Minister Arkhom Termpittayapaisith.

Bangkok Post

Ministry upbeat on baht rebound

The Finance Ministry expects the baht's value to rebound in the second half this year, in line with the anticipated narrowing of the current account deficit, says a ministry source who requested anonymity.

Bangkok Post

Finance Ministry asks banks to explore fintech partnership, co-lending opportunities

The sources said banks were asked to expedite non-performing assets (NPAs) resolution and focus on the recovery of bad loans

The Hindu

Land windfall tax law to be resurrected

The Finance Ministry plans to dust off the land windfall tax law as part of the country's reform of its tax system, says Krisada Chinavicharana, the permanent finance secretary.

Bangkok Post

UAE to Hold Second Auction of Dirham T-Bonds Worth $408Mln

The UAE Finance Ministry said Saturday that a second auction of federal treasury bonds (T-Bonds) would be held on June 20. The auction size will be AED1.5 billion ($408 million) distributed over two tranches: a two-year tranche valued at AED 750 million and a three-year tranche valued at AED750 million…

Asharq Al-Awsat

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The Times of India

Govt asks employees to opt for lowest air fare, book tickets 21-days before travel

NEW DELHI: The Finance Ministry has asked government employees to opt for 'cheapest fare available' on their entitled travel class and book air tickets at least three weeks prior to their date of travel for tours and LTC, as it looks to cut down on unnecessary expenditure.

Daily Mirror

Mum-of-22 admits life is 'hard' taking care of kids after millionaire husband's arrest

Russian mother Cristina Ozturk lived with her hotel owner husband Galip Ozturk in the coastal city of Batumi, Georgia, before his arrest during a special forces op on May 31

Bangkok Post

Finance Ministry promises share sales tax soon

The Finance Ministry plans to propose to the cabinet the implementation of a financial transaction tax on individual stock investors soon, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

FPO expects rising government revenue

The Finance Ministry's projection of higher government revenue in fiscal 2023 is in line with the economic recovery, says Fiscal Policy Office director-general Pornchai Thiraveja.

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Bangkok Post

Japan agrees B13bn loan

The Royal Gazette has published the Finance Ministry's announcement involving a loan agreement worth 50 billion yen (13.2 billion baht) with the Japan International Cooperation Agency (Jica) to bolster the nation's Covid-19 emergency response.

Asharq Al-Awsat

Palestinian Authority to Pay ‘Partial Wages’ to Most Employees

The Palestinian Authority announced on Tuesday it would pay partial salaries to most of its employees after Israel transferred some revenues it collects on the Palestinians’ behalf, officials said. A week into June, the Palestinian Finance Ministry said employees will receive 80% of their salaries on Tuesday. It has been…

Caixin Global

China to Sell $3.46 Billion of Treasury Bonds in Hong Kong

Borrowings will top last year’s total and mark the 14th straight year for the Finance Ministry to raise funds in Hong Kong

Bangkok Post

Ministry to mull delay of land and building tax collection

The Finance Ministry is considering the private sector's proposal to delay and reduce collection of the land and building tax because businesses are struggling with the double whammy of the impact of the pandemic and the Russia-Ukraine war, says minister Arkhom Termpittayapaisith.

Bangkok Post

Cabinet okays extension of hotel subsidy scheme

The cabinet has acknowledged the extension of the fourth phase of the "We Travel Together" hotel subsidy scheme to assist the tourism sector.

Bangkok Post

Finance Ministry delays stock transaction tax

The Finance Ministry will postpone enacting a financial transaction tax on individual stock investors this year until economic conditions are more favourable, says Finance Minister Arkhom Termpittayapaisith.

Tribune News Service

US Treasury set to push Russia closer to default

The U.S. Treasury Department is expected to tighten sanctions this week on Russia, threatening about $1 billion owed to bondholders for the rest of this year and putting the country once again on the edge of default.

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